Objective: This course seeks to enable the student to grasp the major economic problems in India and their solutions. It also seeks to provide an understanding of modern tools of macro-economic analysis and policy framework.

Contents

Unit 1: Basic Issues and features of the Indian Economy

13 Lectures20

Concept and Measures of Development and Underdevelopment; Human Development; Composition of national income and occupational structure.

Unit 2: Policy Regimes

13 Lectures20

a) The evolution of planning and import substituting industrialization.

b) Economic Reforms since 1991

c) Monetary and Fiscal policies with their implications on economy.

Unit 3: Growth, Development and Structural Change

13 Lectures20

a) The experience of Growth, Development and Structural Change in different phases of growth and policy regimes across sectors and regions.

b) The Institutional Framework: Patterns of assets ownership in agriculture and industry; Policies for restructuring agrarian relations and for regulating concentration of economic power;

c) Changes in policy perspectives on the role of institutional framework after 1991.

e) Demographic Constraints: Interaction between population change and economic development.

Unit 4: Sectoral Trends and Issues

13 Lectures20

a) Agriculture Sector: Agrarian growth and performance in different phases of policy regimes i.e. pre green revolution and the two phases of green revolution; Factors influencing productivity and growth; the role of technology and institutions; price policy, the public distribution system and food security.

b) Industry and Services Sector: Phases of Industrialization – The rate and pattern of industrial growth across alternative policy regimes; Public sector – its role, performance and reforms; the small scale sector, Role of Foreign capital.

Inflation: Causes of rising and falling inflation, inflation and interest rates, social costs of inflation; Unemployment – natural rate of unemployment, frictional and wait unemployment. Labour market and its interaction with production system; Philips curve, the trade-off between inflation and unemployment, sacrifice ratio, role of expectations adaptive and rational.

About Kumar Nirmal PrasadKumar Nirmal Prasad is the founder and CEO of Dynamic tutorials and Services. Dynamic Tutorials and Services is a Leading Coaching Centre of Tinsukia District. We provide complete coaching for Commerece and Arts stream from Class 12 to Master Degree level. Also we have statrted coaching for various competitive exams like RBB, SSC, UGC - NET, State Level Competitive Exams.